Trump Threat to Obamacare Would Send Premiums and Deficits Higher - News Summed Up

Trump Threat to Obamacare Would Send Premiums and Deficits Higher


Insurers in some states would withdraw from the market because of “substantial uncertainty” about the effects of the cutoff, the budget office said. The budget office does not foresee much change in the number of people who are uninsured if the cost-sharing subsidies are halted. The budget office study was requested by the House Democratic leader, Nancy Pelosi of California, and the House Democratic whip, Steny H. Hoyer of Maryland. Ending the cost-sharing subsidies would confound the expectations on which the current marketplace is based. Doctors, hospitals, insurers, consumer groups and the U.S. Chamber of Commerce have all urged Mr. Trump to continue paying the cost-sharing subsidies.


Source: New York Times August 15, 2017 18:30 UTC



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